Louisiana Incentives and Workforce Development Guide

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For a list of Louisiana economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide.

 

FACILITY INCENTIVES

Competitive Projects Tax Exemption: Provides 10-year property tax abatement on qualifying capital investments of at least $25 million in targeted non-manufacturing industry sectors. The abatement applies to ad valorem taxes exceeding $10 million, or 10% of the fair market value of the property, whichever is greater. The exemption is available in selected parishes.

Corporate Headquarters Relocation Program: Provides a rebate of up to 25% of facilities and relocation costs, to be claimed in equal parts over five years.

Economic Development Award Program: Provides funding for site and/or infrastructure improvements for projects creating new jobs.

Industrial Tax Exemption: Provides a100% property tax abatement for up to 10 years on local property taxes (ad valorem) on a manufacturer’s new investment and annual capitalized additions.

Mega-Project Development Fund: Provides grants of up to 30% of the total cost of a project that creates or retains at least 500 direct jobs or that provides a major investment in the state. A project must create 500 direct jobs, create or save at least 500 direct jobs at a facility that has been closed or a facility that risks closure, or provide a minimum initial investment of $500 million through the creation of a new facility or the expansion of an existing facility. In addition, the project must provide a substantial return on the investment by the state as measured by projected tax revenues.

Modernization Tax Credit: Provides a 5% refundable state tax credit for manufacturers modernizing or upgrading existing facilities in Louisiana.

Restoration Tax Abatement: Provides a five-year 100% property tax abatement for the rehabilitation of an existing structure.

 

PRODUCTION & INVESTOR INCENTIVES

Angel Investor Tax Credit: Provides a tax credit up to 25.2% for individual investors when they invest in early-stage, wealth-creating businesses.

Corporate Tax Apportionment Program: Provides single-sales factor apportionment to highly competitive projects in order to secure jobs and business investment in target industry sectors.

Digital Interactive Media and Software Development Incentive: Provides a refundable tax credit of up to 25% on qualified production expenditures and up to an additional 10% tax credit for Louisiana resident labor expenditures.

Live Performance Tax Credit: Provides a tax credit of up to 25% on qualified production or infrastructure development expenditures, with up to an additional 10% tax credit available for payroll expenditures to Louisiana residents. For infrastructure development eligibility, the project must be located on the campus of a higher education institution.

Motion Picture Investor Tax Credit: Provides a transferable tax credit of 30% on qualified production expenditures and an additional 10% tax credit for Louisiana resident labor expenditures.

Research and Development Tax Credit: Provides up to a 40% tax credit for Louisiana businesses (based on employment) that conduct research and development activities in Louisiana.

Sound Recording Investor Tax Credit: Provides up to a 25% refundable tax credit for qualified production expenditures on state-certified sound recording projects.

Technology Commercialization Credit and Jobs Program: Provides a 26.2% refundable tax credit on costs related to the commercialization of Louisiana technology and a 6% payroll rebate for the creation of new direct jobs.

 

SMALL BUSINESS INCENTIVES

CEO Roundtable Initiative: Provides qualified entrepreneurs with peer-to-peer learning, business networking and support over the course of a year.

Hudson Initiative: Provides qualified small businesses with greater potential for access to state procurement and public contract opportunities.

Louisiana Economic Gardening Initiative: Provides Louisiana-based small businesses with accelerated technical assistance and research from an experienced national economic gardening team.

Small and Emerging Business Development Program: Provides developmental assistance to small businesses, including entrepreneurial training, marketing, computer skills, accounting, business-planning, legal and industry-specific assistance.

Small Business Loan Program: Provides up to 75% loan guarantees to facilitate capital accessibility.

Veteran Initiative: Provides veteran-owned—and disabled, service-oriented veteran-owned—small businesses with greater potential for access to state procurement and public contract opportunities.

 

WORKFORCE INCENTIVES

Competitive Projects Payroll Incentive: Provides a payroll rebate of up to 15% in target sectors each year for up to 10 years, and either a 4% sales/use tax rebate on capital expenditures or a facility-expense rebate equal to 1.2% of qualifying expenses.

Enterprise Zone Program: Provides a one-time $2,500 tax credit per certified net new job, and either a 4% sales/use tax rebate on qualifying expenses or an investment tax credit equal to 1.5% of capital expenditures, excluding tax-exempted items.

LED FastStart®: Provides customized workforce recruitment, screening and training to new and expanding Louisiana companies at no cost. All phases are completely designed, developed and delivered via LED FastStart team members with company’s expectations.

Quality Jobs: Provides up to a 6% rebate on annual payroll expenses for up to 10 years, and either a 4% sales/use tax rebate on capital expenditures or an investment tax credit equal to 1.5% of qualifying expenses.

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